Friday 21 September 2012

i noticed that SC Global has crossed its 200 days Moving average(the blue line) at $1.14 and maintained above it(supported)....likely the trend is turning up!!! a very bullish sign.
 

notice that many small developers are moving up..e.g Tuan Sing (0.325), KSH(up more than 10%).

There's one stock that caught my attention:

Haw Par group.

Price/NAV = 6.75/10.38 = 0.65.

Secondly, there's a lot of insider buying from $5.8 - $6.6.

Sunday 16 September 2012

Oh! it is Mr Simon Cheong buying on 13 sept, 4,688,000 shares! 1.18 now! check SGX....if u look at the chart of Ho Bee (its competitor who developed a huge chunk of Sentosa Cove), there were volume spikes(sudden increase in volume) just a few days before the price exploded upwards.

Saturday 15 September 2012

Fed Reserve launched open-end QE3

Stocks and Commodities are going to fly!!! Interest rates will be kept low till mid-2015 which means properties prices are likely to maintain high as long as there's cheap money (low interest rates).......Are u in position to benefit? Good luck!

The Federal Reserve has announced bold, open-ended steps to stimulate the US economy and reduce high unemployment, saying it will spend $US40 billion ($38 billion) a month to buy mortgage-backed securities for as long as necessary.
After trading flat before the Fed’s announcement, US stocks surged to multi-year highs and Australian stocks are set to follow. The Dow and the S&P 500 both closed at their highest levels since December 2007, while the Nasdaq ended at the highest since November 2000.
The US dollar fell, oil prices rose and gold hit a six-month high, and the Aussie dollar shot higher to $US1.0543, its highest level since August 10. Locally, the futures market is pointing to gains of about 0.75 per cent when the market opens.
 
The central bank also extended a plan to keep short-term interest rates at record lows - close to zero - until mid-2015, or six months longer than it had planned. And it said it’s ready to take other steps even after the economy improves under a ‘‘highly accommodative stance of monetary policy’’.

The plan
‘‘The idea is to quicken the recovery,’’ Fed chairman Ben Bernanke later told a news conference. But he made it clear he thinks the economy will need the Fed’s intervention even after the recovery strengthens, saying the country’s employment situation ‘‘remains a grave concern’’.
A new Fed forecast said it thinks unemployment, now at 8.1 per cent, won’t fall below 8 per cent this year.
"If the outlook for the labor market does not improve substantially, the committee will continue its purchase of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability," the Fed said in a statement.
In an additional move that reflects just how concerned Fed officials are about the economy, policymakers said they would not likely raise interest rates from current rock-bottom lows until at least mid-2015. Previously, it had set such guidance at late 2014.
"To support continued progress toward maximum employment and price stability, the committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens," the central bank said.
"They are definitely stepping up," said William Larkin, a portfolio manager at Cabot Money Management. "It creates an inflation outlook concern because if you are doing it for this extreme for this length of time, my biggest question is what is going to happen to inflation in two years?"

Pushing on a string?
The decision comes in the face of widespread questions about the likely effectiveness of a further foray into unorthodox monetary policy, including from Republican presidential nominee Mitt Romney.
Senator John Cornyn, head of the Senate Republican Campaign Committee, said the Fed appeared to be "trying to juice the economy" ahead of the presidential election to help Obama. "It looks to be political," he said.
Brazilian Finance Minister Guido Mantega said he would keep a close eye on the impact of the Fed's monetary easing on Brazil's real currency. Mantega had accused the Fed's earlier bond buying of unfairly weakening the US dollar.
In its statement, the Fed said the fresh MBS purchases, which it will start on Friday, would come on top of its so-called Operation Twist program, in which it is selling short-term bonds to buy longer-term Treasury debt.
"These actions, which together will increase the committee's holdings of longer-term securities by about $US85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and to help make broader financial conditions more accommodative," it said.
The latest purchases build on the $US2.3 trillion in US government and housing-related debt the Fed has already bought.
In the Fed's first two rounds of so-called quantitative easing, dubbed QE1 and QE2, the central bank bought bonds closer to a pace around $US100 billion per month.

'Swallowing the key'
By buying mortgage-linked debt, the Fed hopes to press mortgage costs lower and force investors into other assets, lowering their yields as well. Those lower borrowing costs should spur greater lending activity and foster faster economic growth, officials believe.
US economic growth cooled in the second quarter, coming in at a tepid 1.7 per cent annual rate, and forecasters do not believe it is doing much better now.
The economy created just 96,000 jobs last month, less than needed to keep up with population growth. While the unemployment rate edged down to 8.1 per cent, it was only because so many Americans gave up on the search for work.
The Fed will provide fresh forecasts that could show softer projections for economic growth and higher unemployment, which would help provide a rationale for its decision.
Stephen Stanley, an economist Pierpont Securities in Stamford, Connecticut, said that by tying its purchases to progress reducing US unemployment, the Fed had "basically locked on the handcuffs and swallowed the key."
Reuters, with AP


Read more: http://www.smh.com.au/business/world-business/the-big-guns-us-fed-launches-qe3-20120914-25vld.html#ixzz26bl5B9an

Wednesday 12 September 2012

SC Global

SC Global is a pure (high end luxury market) property developer....which was beatened down last year.

Price/NAV = 0.985/1.488
                  = 0.66!! A screaming buy!

Their land banks and developed properties are along Orchard Road area and Sentosa Cove. They do have Australia properties as well.

The last quarter it reported a loss.....and there's build-up of completed luxury condos too.....i believe these has already been priced into the low stock price now.

It jumped with higher than average vol the last few days...now it is 1.05...and i see invisible hands collecting it.

BTW....daily share buy back occurred at 0.95. During the good times, it usually trades at a premium to share price.

Notice that the other small- mid cap developers(e.g Chip Eng Seng, Ho Bee, Wingtai) are moving too.

worth a look.

Friday 7 September 2012

market rebounded today!!! i re-enter several positions i reduced earlier.(Noble, NOL, YZJ, Genting)...you must be viligent and alert to sudden changes in the market....which is why i will not tell u what to do....i simply can't make that decision for u....it is yours to make....this is how i learn...and this is how u learn too..don't ever wait for me to tell u what i did....it is probably too late...

have u bought silver or gold? silver went up 8%! since i mentioned it.

Wednesday 5 September 2012

better wait for the coast to clear before entering....i see most of the stocks at the support levels though.

The STI has broken the 20 dMA at 3013...let's see if the 50 dMA holds at around 2950. It either rebound or crash through and it will be downtrend....!!! Do note that the value of the moving averages 20/50/200 can be different for different charting softwares and duration ,6 months, 1 year, 2 years,...i am using Philip Poems chart....so the value is agar agar one....